Bitcoin Spot ETF (BTC) Is News Buying Event, But Coinbase (COIN) Could Come Under Pressure

Those events were “buy the rumor, sell the news” events, Morehead wrote. Monday. “This time it’s different,” he said, well aware of the red flag that normally goes up when he utters that phrase. None of those events, he argued, had any impact on actual demand for bitcoin. A BlackRock ETF, on the other hand, “fundamentally changes access to bitcoin… It will have a huge (positive) impact.”